For the very first time, Victoria has overtaken New South Wales to claim the largest share of Australia’s live performance attendance and revenue.

Live Performance Australia’s latest Ticket Attendance And Revenue Report shows that Victoria — which could already claim Melbourne as the live music capital of the world — is now dominating the live performance economy.

The new report shows that in 2017, Victoria achieved record revenue of $639 million (up 45 per cent on the previous year) and a staggering 7.4 million in attendance (up 35 per cent).

Contemporary music festivals experienced “a significant increase in revenue” in 2017, jumping 26 per cent to $100.7 million. Attendance also increased by 26.7 per cent to 0.85 million, as NSW continued to generate the largest amount of festival revenue and attendance.

“Over 23 million Australians attended live events with over $1.88 billion generated through ticket sales. This represents a 23 per cent growth in attendance and 32 per cent growth in revenue nationally between 2016 and 2017.”